PERSONAL LAW

Is the equal division of assets & fair division the same thing?

Dr. T.K. Parthasarathy President & former SIUE Professor of Audiology

• Speak up. Remind others to slow down, raise their voices, or look in your direction when speaking. Don’t hesitate to ask someone to repeat something you didn’t quite catch.

• Sit strategically. At social functions and family dinners, choose a seat that is well it and in a quieter spot. Avoid sitting near speakers, televisions, radios, or other noisemakers.

• Ear protection. Exposure to severe cold, wind, and moisture can create problems for both ear health and hearing aid performance, so make sure to bundle up with a scarf, hat, or earmuffs.

Call us today! You can trust our knowledge and expertise in total hearing health. We’re ready to help you hear your best so you can live your best.

94 Northport Drive, Alton 618-208-6002

betterhearingclinic.com

Bankruptcy

Can a bankruptcy stop a foreclosure?

YES.

You’ve already been struggling with bills for months. All of your income goes right back out the door as soon as you’re paid, with little or nothing left over. Then an emergency comes up and you are unable to make your house payment.

Shari Murphy

The mortgage company says they will work with you, but then they return your check the following month. You feel like you get the run-around every time you call them, and then you get a letter saying that they are going to start foreclosure proceedings.

Can a bankruptcy stop the foreclosure?

A chapter 13 bankruptcy stops a foreclosure and allows you to get caught up on your payments through a federally court ordered repayment plan. Your mortgage company will be paid the regular monthly payment and a small portion of the arrearage amount each month.

A chapter 13 bankruptcy can also allow you to discharge many unsecured debts in the process, making it even easier to pay your mortgage and keep your house – your most valuable asset.

SHARI L. MURPHY

Attorney at Law • FREE CONSULTATION

P.O. Box 136, Wood River 618-797-8888

If you make the choice to divide your estate how you see fit, opposed to equal, there are some things to keep in mind: Are any of your children financially irresponsible? Are any of your children mentally ill or disabled who will need provisions for medical or living expenses? The fair division of your estate will require both the current situation and past support to be taken into account. This is where you decide if you want your assets to be allocated equitably or equally. Consequently, equal inheritance means that each child gets an equal part of the estate, this works best when each child has similar needs. This may be ideal if the parent has provided equal support to all children in the past, all children are financially responsible, and all children are emotionally and mentally capable. A benefit of equal inheritance is the avoidance of any disputes or conflicts. In order to make the best decision for your family, it is recommended that you seek help from a legal professional.

TODD SIVIA, Attorney at Law

1 Terminal Drive, East Alton 618-258-4800

Todd Sivia

217 S. Main St., Edwardsville 618-659-4499 sivialaw.com